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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Retail space
560-564 John Fitch Hwy Fitchburg, MA 01420
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0198048
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
STEEL FRAME
Total area
6,040 SF
Lot
0.34 ac (14,776 SF)
Zoning code
C
APN
FITC M:0035 B:0019 L:0
UPID
US38-0198048
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.17M
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$956k
Blend (final)
Blend
$1.16M
Owner & transaction history
Mirzai 560 LLC · 3 yrs held
Mirzai 560 LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
C · Fitchburg, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+53.2%
Auto repair, garage
$875,000
+17.7%
Neighborhood: shopping center
$760,000
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,260,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,490,000
6.5%
$1,375,000
7%
$1,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$745,000
Current use
RESTAURANT
$1,140,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$875,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +3% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$725,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $1.10M (Dec 29 2022)
Last sale anchor
$1.10M
Dec 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$192 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,219
Tax year 2024
Assessed value
$690,000
Assessed 2024
Previous assessed
$551,100
+25.2% YoY
Effective rate
1.48%
On assessed value
Assessed land
$148,400
Assessed improvement
$541,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
4
Total area
6,040 SF
Lot
0.34 ac (14,776 SF)
Zoning code
C
APN
FITC M:0035 B:0019 L:0
UPID
US38-0198048
Jurisdiction
FITCHBURG
Zoning & alternative use
C · Fitchburg, MA
Zoning C · permitted uses
C · Fitchburg, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fitchburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$745,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$725,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Mirzai 560 LLC
Entity
Mailing address
7 BROOKE RD, BOYLSTON, MA 01505-2043
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$1,100,000
Mirzai 560 LLC
Travis Beauvais
Quit Claim Arm's Length For Ne States
$825,000 · Millbury National Bank
Jan 4, 2019
$340,000
Travis Beauvais
Paul Caci
Quit Claim Arm's Length For Ne States
$320,000 · Paul Caci
Aug 26, 2014
—
Paul E Caci
Caci,matthew
Quit Claim Deed
related
—
Dec 8, 2010
$1
Paul E Caci
Caci,paul E
Grant Deed
related
—
Apr 28, 2010
$170,000
Paul Caci
Chitoff,stanley G
Grant Deed
$85,000 · Bcf T
Aug 27, 2009
$1
T Bcf
560 Jfh T
Grant Deed
—
Feb 21, 2006
—
Edward Costello JR.
—
Deed Of Trust
related
$200,000 · Stanley G Chitoff Tr
Dec 30, 2004
$1
Jfh T 560
Costello,edward JR
Grant Deed
related
—
Apr 3, 2001
$280,000
Edward Costello JR.
Bcf Tr
Grant Deed
$280,000 · Zenon Grzybowski
Apr 17, 1991
$175,000
Edward Costello
K&k RT Fitchbury
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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